Eyenovia Soars 12.59% on $50M Private Placement

On June 23, 2025, Eyenovia's stock surged by 12.59% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Eyenovia recently announced the closing of a $50 million private placement, which has been a key driver of its recent stock performance. This funding round not only provides the company with substantial financial resources but also underscores investor confidence in Eyenovia's strategic direction and growth potential.

In addition to the private placement, Eyenovia has successfully accumulated more than one million HYPE tokens. This significant position, acquired at an average price of approximately $34 per token, positions Eyenovia as the first Nasdaq-listed company to run a token-based initiative of this scale. This move is seen as a forward-thinking strategy that could open new avenues for the company's development and innovation.

Furthermore, Eyenovia provided an update on its Optejet development program, which is a critical component of its long-term growth strategy. The progress in this area is expected to enhance the company's competitive edge and drive future revenue growth.